Willingness to pay and accept for hosting Olympic Games in Germany

Linn-Brit Bakkenbüll and Alexander Dilger ()

No 11/2016, Discussion Papers of the Institute for Organisational Economics from University of Münster, Institute for Organisational Economics

Abstract: This empirical study investigates whether and how much individuals are willing to pay for hosting Olympic Games in Germany. Moreover, it is examined for the first time what individuals are willing to accept to host Olympic Games in their own country if they do not like that. Furthermore, this study identifies determinants that influence the willingness to pay (WTP) including the willingness to accept (WTA) for hosting Olympic Games in Germany. WTP minus WTA is positively driven by the felt national importance of the German Olympic team doing well. Socio-economic factors such as gender, age and income influence this measure in significant ways, too. The extrapolation of the individual WTP and WTA shows that, in the net aggregate, the German population is willing to pay €3.57 billion for hosting the Olympic Games in Germany.

JEL-codes: D12 D61 D62 H41 H43 L83 Z20 Z38 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-dcm and nep-spo
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:umiodp:112016

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